The global market for anesthetic and respiratory devices will almost double by 2020, according to a BCC Research report. The report includes analysis of major players, innovative technology and market dynamics related to anesthesia and respiratory devices.
Among its findings, the report notes:
1. The global market for anesthetic and respiratory devices reached nearly $13.1 billion in 2014 and $14.4 billion in 2015.
2. The market is expected to reach nearly $24.2 billion by 2020.
3. Should the market reach this estimation of $24.2 billion, the market will have increased at a compound annual growth rate of 10.9 percent between 2015 to 2020.